Are you thinking of selling your vehicle? There are lots of factors considered when determining the resale value of used cars in Maryland. Our experts at MileOne Autogroup are weighing in.
Supply and Demand
When it comes down to it, the current market is one of the driving factors of resale value. We look at how many people are searching for your vehicle, as well as how many we have available to sell.
Type of Vehicle
Your vehicle’s make and model are also important. Plus, higher trim levels or added packages can add to your vehicle's resale value.
Body Style
There are also particular body styles that are wanted more than others. For example, sedan sales have been declining in recent years, while SUV sales are on the rise.
Vehicle’s Condition
No matter how much your vehicle is in demand, we can’t overlook excessive damage or wear. If they can increase your vehicle’s value, you may want to consider repairs.
Mileage
Mileage indicates a vehicle’s remaining lifespan. If you’ve put excessive mileage on your vehicle, it likely won’t get the same return as one that wasn’t driven as much.
Service History
Complete service records can be a huge selling factor for used cars. If your vehicle has been well-maintained, it will probably secure a better resale value.
Aftermarket Parts
Aftermarket parts can compromise your vehicle’s integrity, and will likely lower its resale value. When you schedule repairs or part replacements, always use genuine OEM components.
Visit MileOne Autogroup to Sell Your Used Vehicle Today
We have convenient locations throughout Maryland, as well as in Pennsylvania, Virginia, and North Carolina. If you’re ready to sell your vehicle, we’d love to buy it. Stop by your nearest MileOne Autogroup location to get started today!